Mica Market 2024-2028
The mica market is forecasted to grow by USD 101.9 mn during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the mica market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for mica from developing countries, high requirement of mica to produce pearlescent pigments, and increase in demand for mica from electronics industry.
Technavio's mica market is segmented as below:
- By Type
- Natural
- Synthetic
- By Application
- Electronics
- Paints and coatings
- Construction
- Cosmetics
- Others
- By Grade Type
- Ground
- Sheet
- Built-up
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing use of mica in paint technology as one of the prime reasons driving the mica market growth during the next few years. Also, product innovation in global mica sector and preference for vertical integration by mica vendors will lead to sizable demand in the market.
The report on the mica market covers the following areas:
- Mica market sizing
- Mica market forecast
- Mica market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mica market vendors that include Aromax Colourants Pvt. Ltd., Asheville Mica Co., BASF SE, China Crystal New Material Holding Co. Ltd., Cleveland MICA Co., Daruka International, Dev International, ELEMENTARY CITY YIXIN YIXIN MINING Ltd., Groupe Bruxelles Lambert SA, Gunpatroy Pvt. Ltd., Jalan Mica Exports, Luossavaara Kiirunavaara AB, Mica Manufacturing Co. Pvt. Ltd., OJSC Elinar Holding Co., Pamica Group Ltd., Pacer Minerals LLC, Sakti Mica Manufacturing Co., The Premier Mica Co., and YAMAGUCHI MICA Co. Ltd.. Also, the mica market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.